CONNECTIONS FOR THE : GRIMALDI-ARMAS TRASMEDITERRÁNEA AGREEMENT FOR THE SALE OF ASSETS

The Neapolitan group undertakes to purchase ships and port terminals

to serve the routes between mainland and the Balearic Islands

Naples, 13 April 2021: The and Armas Trasmediterránea Group announce the signing of a Memorandum of Understanding (MoU) for the sale of some assets and property rights of the Spanish group in Spain, as a first step for a collaboration between the two groups.

The agreement provides for the purchase by the Grimaldi Group of five ro/pax vessels and two terminals in the of and , as well as offices and warehouses located on the islands of , and .

In particular, the ships involved in the agreement are the Ciudad de Palma (year built 2007), Ciudad de (2001), Ciudad de Mahón (2000), Volcán del Teide (2010) and Volcán de Tijarafe (2007), all currently deployed by Armas Trasmediterránea Group on various connections within Spain.

The agreement between the parties also provides for the purchase by the Grimaldi Group of the rights to operate between mainland Spain and the Balearic Islands for the transport of freight and passengers on the following round-trip maritime connections: Barcelona – Mahon (Menorca), Barcelona – , Barcelona – Ibiza, Valencia – Mahon, Valencia – Palma de Mallorca and Valencia – Ibiza.

Finally, the agreement establishes the sale of two port terminals for the handling of rolling freight and passengers, currently operated under concession by Armas Trasmediterránea Group in

P R E BarcelonaS S R E L and E AValencia, S E as well as various warehouses, offices and ticket offices in Valencia, Palma de Mallorca, Mahon and Ibiza.

Following the signing of the MoU, due diligence will be carried out with the aim of concluding the final transfer agreement and starting new operations for the upcoming summer season.

“I am proud and very satisfied to have signed this agreement with Emanuele Grimaldi. For our Group this is not a withdrawal from the routes to the Balearic Islands since we will continue to carry out, in collaboration with such an important shipping group on the world stage, a large commercial activity that will allow us to offer our customers an extensive network of international maritime routes”, declares President of Armas Trasmediterránea Group Antonio Armas.

"I am very happy to have signed this important agreement with Antonio Armas, with whom we

immediately established a relationship of great mutual esteem and laid the foundations for a fruitful collaboration," states Emanuele Grimaldi, Managing Director of the eponymous group. “Upon completion of this operation, our group will extend its range of maritime services also to the Spanish domestic market, generating new synergies with the other connections we operate in the western Mediterranean”, concludes Emanuele Grimaldi.

In attachment:

Photo 1: from right to left, Emanuele Grimaldi, Antonio Armas and Diego Pacella.

Photo 2: from right to left, Antonio Armas and Emanuele Grimaldi.

For more information:

Grimaldi Group – External Relations: Paul Kyprianou Ph: 081/496246; Mob: 3204076539; Email: [email protected]

______The Grimaldi Group, headquartered in , operates a fleet of over 130 vessels and employs approximately 16,000 people. Wholly owned by the Grimaldi family, it is a multinational logistics Group specialised in the operation of roll- on/roll-off vessels, car carriers and ferries. It comprises six shipping companies, namely: Grimaldi Deep Sea, operating in the transport of rolling cargo and container on the Atlantic routes and between the Mediterranean and ; Grimaldi Euromed, specialized in the transport of rolling freight in , in the Motorways of the Sea and in the transport of passengers in the Mediterranean with the Grimaldi Lines brand; , which offers transport services for containers and rolling cargo between and North Europe; Malta Motorways of the Sea, shipowning company; , operating in Greek cabotage for the transport of freight and passengers; P R E ,S S R operE L atingE A inS freightE and passengers transport in the North and Baltic Sea. The maritime connections are the core of an advanced logistics chain, which includes port terminals and road transport companies. The 22 port terminals owned/operated by the Grimaldi Group are located in 12 countries around the world: (, Monfalcone, , Catania, Gioia Tauro, Savona & ), Spain (Barcelona, Valencia and ), Germany (), Sweden (Wallhamn), Finland (Turku & ), Denmark (Esbjerg), Ireland (Cork), Belgium (), Egypt (Alexandria), Cameroon (Douala), (Lagos), Benin (Cotonou). Most of these terminals are fitted with Pre-Delivery Inspection (PDI) facilities, warehouses and workshops.